FAMILY PROMISE OF ESSEX COUNTY INC (EIN 222841105) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

Principal Officer

DALE RUSSAKOFF

Phone

9737461400

Tax Period

2023-01-01 to 2023-12-31

FAMILY PROMISE OF ESSEX COUNTY INC, founded in 1988, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2023.

Mission

ESTABLISHED IN 1987, FAMILY PROMISE OF ESSEX COUNTY, INC. (THE ORGANIZATION) (FORMERLY KNOWN AS INTERFAITH HOSPITALITY NETWORK FOR THE HOMELESS OF ESSEX COUNTY, INC.) IS BASED IN MONTCLAIR, NEW JERSEY. THE MISSION OF THE ORGANIZATION IS TO HELP HOMELESS AND AT-RISK FAMILIES ACHIEVE SELF-SUFFICIENCY BY PROVIDING SHELTER, SOCIAL SERVICES, AND HOUSING ASSISTANCE THROUGH A COMMUNITY-BASED APPROACH.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,274,010

Program Service Revenue $23,787

Investment Income $0

Other Revenue $-9,476

TOTAL REVENUE $1,288,321

Expense Breakdown

Grants Paid $468,703

Salaries & Benefits $573,483

Fundraising Expenses $102,133

Program Expenses $1,111,620

Other Expenses $236,701

TOTAL EXPENSES $1,278,887

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,288,321	$1,333,999	0.0%
Expenses	$1,278,887	$1,304,324	0.0%
Net Income	$9,434	$29,675	-0.7%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

150

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$96,504

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS MURPHY	PRESIDENT	4.00	Officer Director	$0	$0	$0
GIGI LOH	TREASURER	3.00	Officer Director	$0	$0	$0
MICHELLE KUDESH	TRUSTEE	2.00	Director	$0	$0	$0
LIZZIE WOLFF	TRUSTEE	2.00	Director	$0	$0	$0
DALE RUSSAKOFF	SECRETARY	3.00	Officer Director	$0	$0	$0
MIRIAM CHILTON	TRUSTEE	2.00	Director	$0	$0	$0
JANE ZOIDIS-QUINN	TRUSTEE	2.00	Director	$0	$0	$0
ABIGAIL CARLTON	TRUSTEE	2.00	Director	$0	$0	$0
LAMONT SWITTENBERG	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
DAVIANNE HARRIS	TRUSTEE	2.00	Director	$0	$0	$0
DOROTHEA AERY	EXECUTIVE DIRECTOR	40.00	Officer	$95,052	$1,452	$96,504

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$1,288,321	$1,278,887	$995,518	$9,434
2022	$1,333,999	$1,304,324	$898,204	$29,675
2021	$1,063,647	$852,212	$879,190	$211,435
2020	$888,617	$752,250	$760,992	$136,367
2019	$747,874	$879,202	$419,404	$-131,328
2018	$781,376	$840,661	$557,394	$-59,285

FAMILY PROMISE OF ESSEX COUNTY INC